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Q2 2026 earnings • released • EPS miss -27.99% • Revenue beat +43.36%
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CRC:NYSE
California Resources Corp
$52.75
-1.35%
(-0.72) 1D
$52.80
+0.09% (+0.050)
Pre-market
Closed: Aug 13, 4:00:06 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for CRC...
Open
$52.65
High
$53.35
Low
$52.27
Mkt. cap
4.69B
Avg. vol.
788.51K
Volume
524.00
Dividend
3.07%
Quarterly dividend
$0.40
Ex-dividend date
May 29, 2026
52-wk high
$71.98
52-wk low
$43.24
EPS
-$1.36
Beta
0.93
Shares outstanding
88.82M
No. of employees
2K
Open
$52.65
High
$53.35
Low
$52.27
Mkt. cap
4.69B
Avg. vol.
788.51K
Volume
524.00
Dividend
3.07%
Quarterly dividend
$0.40
Ex-dividend date
May 29, 2026
52-wk high
$71.98
52-wk low
$43.24
EPS
-$1.36
Beta
0.93
Shares outstanding
88.82M
No. of employees
2K
News stories
From web sources and news partners
Profile
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state. The company has conventional primary, enhanced oil recovery, and unconventional operations in the San Joaquin Basin, Ventura Basin, and Los Angeles Basin and dry gas production in the Sacramento Basin. Its largest holding is the 47,000-acre Elk Hills Oil Field, 20 miles west of Bakersfield, California in the San Joaquin Valley. It is also operates the Wilmington Oil Field in partnership with California, several smaller fields in Los Angeles County, and the Huntington Beach Oil Field in Orange County, California. As of December 31, 2021, the company had 480 million barrels of oil equivalent of estimated proved reserves, of which 71% was petroleum, 20% was natural gas, and 9% was natural gas liquids. Wikipedia
About California Resources Corp
CEOFrancisco J. Leon
Employees2.5K
FoundedApr 2014
HeadquartersLong Beach, California, United States
SectorEnergy
Websitecrc.com
Analyst ratings
Based on 10 analysts giving stock ratings to CRC in the past 3 months
Strong buy
Buy
10
Hold
0
Sell
0
12-month forecast
Based on 10 Wall Street analysts offering 12 month price targets for CRC in the last 3 months.
Highest
Current $52.75
$87.00 (+64.93%)
Average
$76.56 (+45.14%)
Lowest
$58.00 (+9.95%)
Analyst
Recommendation
Action
Price target
Projected
Date
Arun Jayaram
J.P. Morgan
Buy
Maintained
$79.00
+49.8%
08/12/2026
Betty Jiang
Barclays
Buy
Maintained
$77.00
+46%
08/11/2026
Leo Mariani
Roth MKM
Buy
Reiterated
$58.00
+10%
08/11/2026
Michael Scialla
Stephens
Buy
Reiterated
$85.00
+61.1%
07/17/2026
Scott Hanold
RBC Capital
Buy
Maintained
$87.00
+64.9%
07/14/2026
Josh Silverstein
UBS
Buy
Reiterated
$70.00
+32.7%
07/13/2026
Sam Margolin
Wells Fargo
Buy
Maintained
$76.00
+44.1%
07/10/2026
Scott Gruber
Citi
Buy
Maintained
$70.00
+32.7%
07/01/2026
Unknown Analyst
Gerdes Energy Research
Buy
Upgraded
-
-
06/24/2026
Nitin Kumar CFA
Mizuho Securities
Buy
Maintained
$87.00
+64.9%
05/27/2026
Zach Parham
J.P. Morgan
Buy
Maintained
$83.00
+57.3%
05/13/2026
Kalei Akamine
Bank of America Securities
Buy
Maintained
$77.00
+46%
04/27/2026
Emma Schwartz
Jefferies
Buy
Reiterated
$84.00
+59.2%
03/09/2026
Unknown Analyst
Siebert Williams Shank & Co
Hold
Maintained
-
-
02/13/2026
Last report
Aug 10, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
$0.99 / $1.37
-27.99%miss
Revenue / Est. (USD)
1.30B / 904.73M
+43.36%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
878.00M
798.00M
967.00M
1.30B
Cost of goods sold
390.00M
404.00M
419.00M
402.00M
Cost of revenue
390.00M
404.00M
419.00M
402.00M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
87.00M
82.00M
106.00M
97.00M
Operating expense
380.00M
245.00M
1.23B
384.00M
Total operating expenses
770.00M
649.00M
1.65B
786.00M
Operating income
108.00M
149.00M
-685.00M
511.00M
Other non operating income
4.00M
-5.00M
3.00M
-23.00M
EBT including unusual items
75.00M
23.00M
-760.00M
458.00M
EBT excluding unusual items
85.00M
114.00M
-713.00M
486.00M
Income tax expense
11.00M
11.00M
-49.00M
-56.00M
Effective tax rate
14.67%
47.83%
6.45%
-12.23%
Other operating expenses
170.00M
32.00M
994.00M
156.00M
Net income
64.00M
12.00M
-711.00M
514.00M
Net profit margin
7.29%
1.50%
-73.53%
-
Earnings per share
1.46
0.47
0.88
0.99
Interest and investment income
-
-
-
-
Interest expense
-25.00M
-29.00M
-29.00M
-
Net interest expenses
-25.00M
-29.00M
-29.00M
-
Depreciation and amortization charges
123.00M
129.00M
133.00M
131.00M
EBITDA
231.00M
278.00M
-552.00M
644.00M
Gain or loss from assets sale
1.00M
-
-
-
Insider transactions
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